California accountant jailed as $8.2m for backyard homes lost in trading
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This story is aggregated from The Times of India (timesofindia.indiatimes.com). Full reporting rights and copyright belong to the primary publisher.
A California accountant has been sentenced to 63 months in prison for defrauding investors of more than $8.2 million through fake real estate projects. Ethan Joseph Sanchez promised to use their money to build backyard homes but instead lost it through risky day trading. A federa...
A California accountant has been sentenced to 63 months in prison for defrauding investors of more than $8.2 million through fake real estate projects. Ethan Joseph Sanchez promised to use their money to build backyard homes but instead lost it through risky day trading. A federal judge also ordered him to forfeit over $8.2 million and pay restitution to victims.
Original Source
https://timesofindia.indiatimes.com/world/us/a-california-accountant-told-investors-their-money-would-fund-backyard-homes-but-no-homes-were-built-and-more-than-8-2-million-vanished-in-risky-trading-he-has-now-been-sentenced-to-63-months-in-prison/articleshow/135450352.cms
